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an update on the hurricane sandy relief bill making its way through congress. "washington journal" is next. >> nobody will get 100% of what they want. let's make sure middle-class families and the american economy and the world economy are not adversely impacted because people cannot do their jobs. host: the headline in this morning's "washington post" -- president obama and senate leaders were on the verge of an agreement that would let taxes rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. welcome to the saturday edition of "and the washington journal." for the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. see what they are talking about and how things are going. we want to get your input and your part of the conversation. you can reach out to us on twitter. facebook, facebook.com/cspan. and you can send us an e-mail. this is more from the article, the lead story in "the washington post." they ride, the deve
mobile app. >>> he considers it a call of duty after the deadly shooting at sandy hook elementary school. a father and former marine decided to do what he could to keep his kids' school safe. he now spends his days standing guard outside the entrance. >> i'm doing this because we need hope, man. if you're able and capable of doing something, you have the responsibility to act. >> he made me feel good just to know that he stood up and did something to make us all feel better today. >> former marine, a dad, doing what's right, doing his duty. >>> hello, everyone. don lemon here, top of the hour. you're in the cnn "newsroom." >>> a senior navy s.e.a.l. officer dead in afghanistan. commander job w. price, leader of s.e.a.l. team 4 was found dead yesterday by members of his unit. the initial conclusion is that price committed suicide. the navy's investigating. stay with cnn for more details from our pentagon correspondent in just a minute. >>> more than 100 people were killed in syria today. civilians doing nothing more than waiting in line for bread. witnesses say a syrian military aircraft
the thousands of the items honoring the sandy hook school shooting victims. the flowers, the signs, the teddy bears and the tributes will become part of a sacred memorial. we'll tell you about that. >>> also, i'll talk with a congressman who wants to use the national rifle association against itself on gun reform. if there is a disconnect between nra members and the nra leadership. ♪ ♪ [ male announcer ] everyone deserves the gi of all day pain relief. this season, discover aleve. all day pain relief with just two pills. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts h
that are already reeling from superstorm sandy. >> the winds were very strong last night. plus we are more vulnerable now because we don't have any sand out on the beach. >> we went through the previous storm and it was bad. i didn't expect another one that quickly. >> and harris, forecasters predicting an additional 4-8-inches of snow overnight in maine. back to you. >> harris: and ney kooiman thank you very much. let's learn more about what is coming. >> watching the storm moving east of new england. see it almost in the swirl in the cloud cover. there located in the large circulation coming around the storm. still strong windy conditions through the northeast and heavy snows flying across northern new england on into northern maine. the storm did leave behind a swath of snow west of new york city and into southern new england. a 4-8-inch swath of snow and up towards northern and central new england those areas picking up 10-15-inches of snow. not great news for travelers but better news for the ski resorts which had a devastating winter last year. >> harris: we still have another hall d
been dozens of gun-related deaths since the sandy hook massacre and the nra is still doubling down on its plan to add more guns to schools. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> that's the wrong debate to have if you want to talk about protecting our children. >> well, this time the nra's remarks could actually be a good thing for more gun regulation. we'll explain why next on "now." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.
in the recovery effort as super storm sandy struck the east coast. cuomo issued a statement part of which reads quote: we as a community mourn they're loss as two more families must spend the holidays without their loved ones. david lee miller in our new york city newsroom with more on this. david lee, what more do we know about the gunman at this hour. >> william spangler was an ex-con. he beat his own grandmother to death back in 19 0. at the time he was charged with second degree murder but he pled to manslaughter. he was released from prison in 1998. until six years ago he was on parole. the local police chief said today that spangler's criminal past raises serious questions about how he obtained firearms. >> spangler was a convicted felon so it doesn't -- you know, he is not allowed to possess weapons. so, you know, did he legally possess those weapons? no. we have had all kinds of weapons larcenies in town and around the county and in wayne county as of late so i don't know where those weapons came from but we are certainly going to find out. >> there is still no known motive for the ram
just saw with the sandy bill. >> if you are asking whether or not the thing we did get 60 votes for a standing order. >> you want to get to 60. between hopeful that the two caucuses, there will be 60 votes for the standing order. >> does this mean that you and perhaps the democrats are more ambitious option by the junior colleagues. >> the number of us are very deeply troubled by the idea that we produce something in violation to the rules to change the rules. the senate is a continuing body. i will not try to characterize how many are deeply troubled by the idea of the nuclear option. this has been -- never been used to change the rules. >> when the republicans were in a majority, then there was the judges. i point out with all due respect to our new york colleagues in the senate, some of them have ever been in the majority and some of them have never been in the minority which sometimes dictates behavior which when the issue is on the other foot. >> senator reid has concerned about -- is it any precaution to keep non germain amendments of the bills? >> the senate allows for no
at sandy hook elementary school and at a oakland church this week, many say schools and churches are the safest places forchildren. ktvu's care -- for children. ktvu's cara liu is live where they are holding a lock down which is meant to be fun and safe. >> reporter: we are three hours into the event, the music is going, kids are dancing, having a good time. a concert set to get underway in just over an hour. >> reporter: this is the church lock down. >> i have been in a jumper and it is so fun. >> we did the photo booth pictures. it is fun because it is free. >> it will be a long night but we are excited about that. >> reporter: 200 kids locked in the church for 24 hours. >> our chaperons are expecting to be up all night long with the goal the kids will go to sleep at some point but last year they didn't. >> reporter: she says her granddaughter has been waiting all week for this. >> it is awesome for the kids. and the more positive activities there are to get involved in the less trouble on the streets. >> we want the kids to look back and say, you know, i came, it put me on a p
. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some sentiment that came out of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be mo
in one of the deadliest school shootings in u.s. history. >> tragedy at sandy hook elementary. >> this is unspeakable what happened in this town. >> innocent children shot dead in their classrooms. the victims, 16 6-year-olds, 4 7-year-olds with 6 adults. >> emilie's laughter was infectious and all those who had a pleasure to meet her would agree this world is a better place because she's been in it. >> in newtown, connecticut, an outpouring of kindness and compassion, while a nation faced hard questions about mental health and guns. as the president issued an emotional call for action. >> for those of us who remain, let us find the strength to carry on and make our country worthy of their memory. >> randi kaye, cnn, atlanta. >>> well, also this hour, keeping an eye on a south american volcano. there is a red alert as it is called. but people are not evacuating. we'll ask an expert why and what we can expect from this. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna
if not millions of americans. indeed we saw with hurricane sandy what happens when a major piece of critical infrastructure like your electricity grid goes down for a prolonged period. and our cyber infrastructure, our cyber networks, are ripe for those types of attacks. >> reporter: janet napolitano by the way is a member of the council on foreign relations. this attack was apparently detected relatively quickly but, jon, it may underscore the vulnerability a lot of computer networks face in this country. jon: well, so the website is working and it was, as you say, it was discovered fairly early. how does it work? what did they do? what did they accomplish? >> reporter: you described this as a drive-by attack. the idea wasn't really so much to target the website so much as the people that use it. we talk about high-profile membership within the council on foreign relations. you're talking about former presidents. even current defense and intelligence officials that mavis it this site on a regular basis the idea here for hackers was to kind of get into this website and then get into the syst
to that? there was a bill introduced by the ways and means committee in the house, sandy levin that called for this legislation. the speaker was going to bring it up to kill it but he kobt kill it and then we moved to plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give them two days to get back here, 48 hours, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country because the speaker is basically waiting for january 3rd. now, the president campaigned on raising taxes on people making more than $250 thou,000 a year. the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the el
love being on with you. i love being on with you. one last thing. we take a bit -- we make the sandy hook, which was a tragedy, a big deal. why don't the politicians come to the funerals of the dead african-american and latino kids who get killed by the hundreds and hundreds and hundreds. t they're pushed to the side. i'm not diminishing the others. but president obama, show up at a funeral here in chicago as well. >>> we have showed you celebrities in the spotlight for giving. up next, actress eva longoria, who is helping latino women achieve academic success. long... ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> many of you know eva longoria as a fiery hollywood actress. but did you know she's also my twitter buddy? today we're going to show you another side to this star, a side s
freezing rain structure. disasters. we saw sandy and the hurricane and getting up in the cloud somewhere. >> it's essential. at the end of the day the days of having all your data stored in a tower under your desk or lawyers or accountants or districts having all their hippa information in a closet on site those days are gone. businesses are going to interest to keep it secure in military style off site and access it from a tablet. >> juliet: quite the world we live in. >> it's changing. >> juliet: are you ready for this? next on the run down a pizza delivery guy fights off a gang of robbers. >> five people against one is not a good situation to be in. i thought that i was about to die. >> juliet: his reward? he just got demoted. we're going to tell you about this. >> clayton: oak ridge boys phoning in performance for george h.w. bush ♪ how sweet the sound ♪ that saved a reach like me ♪ i once was lost ♪ but now i am found ♪ was blind ♪ but now i see ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castl
at sandy hook. >> i a man is using the internet to counter the nra's controversiall plan to stop gun violence. the leadership said it wants armed officers at every united states school. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> reporter: the 31-year-old facebook engineer has a different idea. he is behind a petition on change.org asking the cdc to research gun violence. >> there are about 30,000 people in america who die every year from gun violence which is the same number who die from car crashes. the cdc spends a lot of honey and time researching car crashes and barely look at guns. >> reporter: he said the nra lobbied lawmakers to cut funding outlaw research on gun control in the 09's. the nra said its hoping to get armed police in all schools by the end of winter break. >>> we have continuing coverage of the nra's proposal and the national gun debate at 7:15 a first of it's kind buy back program proposed here in the bay area. at 7:30, the bay area schools that already have armed guards on campus and what it costs to have them. >> a san fra
not be any worry about paying for sandy, unemployment, paying for three wars. there would not be anything to worry about if the republican was in office. they want to spend every dime they can. host: jackie from georgia, thank you for the call. this is from our twitter page. t's go to the jump page -- let's go to the jump page for a story in "the washington post." point.nd one othoer poier here's more from mcconnell. [video clip] >> we took that vote back on july 25. it did not originate in the house. it has no chance of becoming law. that is what i said back on july 25. we allow that vote and i said we knew it did not pass constitutional muster and that democrats would proceed to a revenue bill that originated in the house as the constitution requires if they were serious and as i called on them to do last week. the so-called senate bill is no more than a glorified sense of the senate revolution. let's put that talking point aside. host: mitch mcconnell -- or is a story from politico.com, "why they will not go over the cliff." "they see an advantage in negotiating with republicans that w
a >> friday, the senate approved a $60 billion aid package for hurricane sandy believes that now heads the house. they also approved a five-year extension of fisa, the foreign intelligence surveillance act, which allows the government to conduct surveillance on foreign targets without individual court orders. that bill heads to the president was expected to sign it. as for the congressional leaders, they met with the white house. afterwards, the president told reporters that senate majority praetor -- senate majority leader harry reid and minority leader mitch mcconnell are continuing to try to come to a agreement. if they did not, the president has asked senator reid to introduce a basic package for an up or down vote. they will continue legislative business sunday. the house live at 2:00 p.m. sunday, with bullets as early as 6:00 p.m. eastern. the senate is in at 1:00 p.m. eastern, live on c-span2. >> also today on capitol hill, senator carl levin and john mccain of for their ideas for bypassing filibuster's to take up legislation, a counterproposal to another plan that would have to
by honoring the victims of the sandy hook elementary school tragedy. this issue of the magazine is devoted to the lives they lived. to a parent, the childhood of a 6 or 7-year-old is rich beyond measure. but the incomprehensible horror and grief is for the milestones unshared. newtown is for the lives unlived and for those who lost loved ones, the sorrow is beyond capacity to know or comprehend. it will take a lifetime to work out. these issues were always popular among readers and difficult to assemble in the choice of who you select. >> it's hard to say and you do what they do. you start with lists and lists. you start months and months ago and ironically you make sure it's not a list of all the people that passed away and all the lives that were lived and unlived. we try to go over a list of people who passed away between our lead time and production time and try to match those lives to the writers and artists that work with the magazine and find ways to celebrate these lives. this issue is supposed to be a celebration of life. it's not supposed to be an acknowledgement of death. it's n
in schools after the sandy hook tragedy. >> it is legal in utah. >> i actually brought a holster but nobody would know i could easily git get it and stays on me all day. card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> gregg: upper ohio river valley, forecasters are expecting the heaviest up to 8 inches in southern new england tonight and it will make for dangerous travel. the storm has dumped several inches of snow on parts o
on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government to cut back spending in other areas in exchange for relief money. the new york and the new jersey governors ask for bigger aid packages. >>> the powerful winter storm swept through half of the country and left many in dark. arkansas, 15-inchs of snow caused widespread daniel to power lines and cutting electricity to 200,000 customers. chicago has already reached 500 homicides before the end of this year. the highest level in four years. windy city is desperate to lower its murder rate. correspondent mike tobin looks at one initiative to supporters hope will do just that. [ siren ] >> guy in the middle of the street. looks shot. >> gangland shooting part of every evening in chicago, the gun control debate is ongoing. solution passed by the cook county board of collisioners another tax. $25 on every handgun sold. this gun store owner says it's tax against the legal gun owners. >> the new tax is sold with the idea it would offset public cost of medical care for shooting vi
a major civil trial in february. >>> a memorial for sandy hook victims and a show of support for tighter gun laws in new york. hundreds of demonstrators marched over new york city's brooklyn bridge and stopped in the middle of the bridge to read the names of the children and adults killed at sandy hook elementary. >>> it is christmas eve. around the world, key events are already under way. thousands are celebrating in bethlehem, the birthplace of jesus christ. at the vatican, both benedict will celebrate with a christmas eve mass at 4:00 p.m. eastern time. >> incredible live pictures. >>> a cyber war with santa right in the middle. if you and your little ones want to keep tabs on santa this holiday season, have you options. not one, but two santa trackers. that's right the ever reliable stand by at noradsanta.org, currently over russia, and google's new version, which includes games and activities, find that at google.com/santatracker. >>> dana. >> i think we could keep it old school with norad. we can try both. ahead on "starting point," the nra doubles down on calls forearmed police of
that will give much needed relief from the storm sandy. we'll talk about that more in a minute. we are urging the house to put this bill on the floor quickly. we're asking mr. boehner to do that. it would unconscienable without voting on sandy. and the strong bipartisan support -- we got 12 votes from the republicans. the fact that three democrats that couldn't be here were here. we could have had 64 votes. we still got more than 60 even with those three absences shows how important this bill was, the strong waurn vote gives an impetus to the bill and says to speaker boehner, this bill has bipartisan support not only in the senate but we know in the house. please move it. do not ignore the needs of new yorkers, new jerseyites and others who have suffered. we have a desperate situation still in new york. we have billions and billions of dollars in damage. we have homeowners waiting, watching to see if this bill would pass so that they could begin to think of getting help to rebuild their homes. we have small business owners, watching, waiting to see if this bill will pass, to see if they can g
fellow citizens battered by sandy, one of the largest storms to hit the northeast ever. the senate is now considering a foreign intelligence surveillance act piece of legislation to keep our country safe and secure. we have doctors who are worrying about whether they will be reimbursed for their medical expenses that they deliver to senior citizens. we have an alternative minimum tax that will expire on december 31, resulting in a tax increase to many of our citizens, tax extenders that have not been extended. a jobs bill that the president has asked for has not been considered much less passed. mr. speaker, we ought to be here, working. addressing these challenges. everywhere, mr. speaker, that you and i go, i know, we hear, what are you doing on the fiscal cliff, or i hope you're working hard on the fiscal cliff. i must tell them we're not working. we're not here. we're not addressing the challenges that i have just mentioned. mr. speaker, i would hope that the speaker of the house will call us back immediately to address these challenges. we have four days left to go. before the end of
of the fiscal cliff threat and hurricane sandy. >>> box office gold for les miserables. it blew away all expectations. raking in $18 million on opening day. strong number one. and number two, jangle on chains, starring jamie fox and leonardo decap icaprio. and then the hob bot, parental guidance and jack reacher. >>> in the next half hour, we'll preview some of the top picks with christopher john farley of speak easy. "the wall street journal's" culture website. we'll look ahead to the movies. >>> ahead on "starting point," we showed you the winter weather in some parts of the country. the other danger? tornadoes. a man rolling the camera as he started to steer his family away from a twister, that's next. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power
the pieces from hurricane sandy. >> thank you for all you have done this year on behalf of your fellow americans to. >> on behalf of my favorite americans, michelle, malia, sasha, mary christmas, everybody. >> happy holidays. >> unless president obama and congress take action, tax rates will go on everyone on gingrey first. the day after that, and mandatory sequester will go into effect -- january 1st. the day after that, and mandatory sequester will go into effect. on the 10th of may, we pass legislation that would replace the sequester which irresponsible spending cuts. the events of this past week make clearer than ever that these measures reflect the will of the house. the american people reelected president obama on election day. the also elected a republican majority in the house. they give us all the mandate. not a mandate to raise taxes on families of small businesses, and meant it for us to work together to begin solving the massive debt that threatens our future. the president and senate democrats have vowed to reject an veto all of our proposals waffling to offer responsible
of america. >> and then say good-bye to 2012 in all its moments. historical and hysterical. sandy crowley, washington. >> one of the biggest political moments playing out right now at the white house. let's go live there to the white house you november and show you what is going on. there it is. the president has made a proposal. it says if they don't have a counter proposal, the president is asking for an up or down vote in the house and the senate. picking it up from here, candy crowley will be doing "the situation room". thanks for watching. now to candy. >>> happening now, new details of the meeting between president obama and congressional leaders for what could be a last-ditch effort to avoid the fiscal cliff. >>> families in the making ripped apart. russia officially bans the adoption of russian children by americans. >>> and for the second time in a month, a man pushed to his death from a new york city subway platform in the path of an oncoming train. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> all eyes on that white house this hour. and the meeting
provisions of the fisa act. the other is a pack abbling for areas affected by hurricane sandy. you can follow live coverage of the senate on c-span2. and house members are on stand by as negotiations continue over the so-called fiscal cliff. >> now a conversation on hollywood's portrayal of politics and policy making in movies and tv shows. among those we'll hear from the crete or the of the show "homeland." this is an hour 20 minutes. >> good evening again. welcome back to the forum. i'm not the one you'll be applauding for. you know we have public events, public forums in our headquarters campus about once a month. and we've had former presidents and foreign ministers and ambassadors and please chiefs. we have never, to my knowledge, had anybody who has ever created, let alone starred in movies or tv series until tonight. and we have michael lynn on the to thank for that. mike sl co-chair politics aside 2012 just like 2010 and he of course is a ran strust tee so we're delighted to have him. he'll moderate tonight. and with him and i'll ask the panel to come forward. howard gor dan and micha
the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that bill is left to expire. mr. cantor indicated that would be addressed before we left here at the end of the 112th congress. that is some six days, a week off, four days until december 31, obviously. the foreign intelligence surveillance act, to continue making this country safe and secure and empower our people to protect us from those who would harm us, that bill is being considered on the senate today on the floor. the senate is here working. the house is not. we had a pro-forma session -- a session without substance or solutions. postal reform passed overwhelmingly in the senate. we can address that issue as well. the altern
. lawmakers are working on the foreign intelligence surveillance bill and also emerged to funding for sandy recovery efforts. the house and senate standing by to consider any fiscal cliff update. we had an update earlier from a reporter covering the issue. host: let's begin with david lightman. white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: it wouldn't shock me if we're talking 72 hours from now. the deadline is 11:59 on the 31st. we have seen this on and on. there are five people that know what is going and they are talking. host: let's walk through the scenarios that we can expect. the meeting is at the white house. democrats and republicans. this is the first time they have met since the election. guest: november 16 was the only time they met. it is good news they are talking. are they going to keep talking? will they say, "we will see everybody tomorrow." they would keep talking. what is going to happen on the floors of the house and senate. the senate needs to extend the tax rates a year and amended and that can be do
for sandy on the east pork inhere's a lot of that. call your delegates. my question to you, in regard to what i've heard on president obama in regard to social security is trying to incorporate changes cpi -- chained cpi. a person would pay $1,200 more in one year and over. 30 years, $28,000. could you go in depth on that for me? guest: there are different ways of computing the consumer price index. one of those is to change how much we saved for food and shelter and so forth for the proportions of the previous year as opposed to a base year. that gives you a somewhat lower rate of inflation. economists would argue that is more realistic and a fairer way to index and the government benefits. i have a problem with that. as an economist, i'm interested in perfection of measurement. as a guide u.s. to operate in washington, i am also concerned with equity. older folks really have a different basket of goods than and people. when was the last time grandma and grandpa went out and bought a suite of bedroom furniture. young folks do that. where is older folks spend much more in health care.
and this thing will start to pick up speed. fed policy is good. we've got a bump from sandy. so if we could just fix that up, i think we'll be okay. >> what do you think is the market reaction if we come, you know, in on monday, and there's some sort of a mini deal? what does that do to us? >> listen, i think we'll be okay here. the first and second quarter of next year are going to be okay, cliff or not. they're going to get something together. it may be sort of a sloppy deal, just, you know, a small deal, that lead us into more negotiations -- >> but is the event a mini deal or is the mini deal a grand bargain? >> they'll come up with a mini deal. it's taken them this long to get here. how can we anticipate they'll get significant done. they'll get some sort of stopgap measure done and we'll see a little bit of stability. stop seeing all the negativity that's surrounding us. we're dead red here. >> gordon, if you recall that 2008 period, the market was going 400, 500, 600, a 60-point drop in the heat of the crisis. why is the equity market being relatively stable to that comparison? it seems t
of the foreign intelligence surveillance act. the other is a relief package for those affected by hurricane sandy. you can follow live coverage of the senate on our companion network, c-span2. house members are on standby as negotiations continue on the so- called fiscal cliff. >host: we turn our attention to unemployment insurance and health benefits could be impacted. joining us is josh boak. when we are talking about unemployment insurance, what specific programs are talking about here? guest: unemployment insurance is a combination of federal and state program. usually last 62 weeks. it is that extension beyond that six months time frame that we are talking about as part of the fiscal cliff tops. that is what automatically expires. we know that it costs about $30 billion continuing those additional unemployment benefits. president obama said it is part of a deal that i want to make, those benefits should continue. the public has to take a firm stand. we have seen in the past that obama had to cut a deal in order to get those extensions. host: what specific benefits to these programs provide?
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